Vanguard High Dividend Yield ETF (NYSEARCA:VYM) Hits New 1-Year High – Should You Buy?

Vanguard High Dividend Yield ETF (NYSEARCA:VYM)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $148.13 and last traded at $148.1250, with a volume of 333605 shares changing hands. The stock had previously closed at $147.64.

Vanguard High Dividend Yield ETF Stock Up 0.4%

The company’s 50 day simple moving average is $143.96 and its 200-day simple moving average is $140.26. The firm has a market cap of $71.47 billion, a P/E ratio of 17.79 and a beta of 0.79.

Hedge Funds Weigh In On Vanguard High Dividend Yield ETF

Several hedge funds have recently bought and sold shares of VYM. D.A. Davidson & CO. raised its holdings in Vanguard High Dividend Yield ETF by 9.7% in the third quarter. D.A. Davidson & CO. now owns 761,156 shares of the company’s stock valued at $107,285,000 after acquiring an additional 67,412 shares in the last quarter. Alpha Cubed Investments LLC increased its position in shares of Vanguard High Dividend Yield ETF by 2.0% in the 2nd quarter. Alpha Cubed Investments LLC now owns 23,246 shares of the company’s stock valued at $3,099,000 after purchasing an additional 448 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in shares of Vanguard High Dividend Yield ETF by 55.5% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 10,938 shares of the company’s stock valued at $1,542,000 after purchasing an additional 3,903 shares in the last quarter. Etesian Wealth Advisors Inc. lifted its position in shares of Vanguard High Dividend Yield ETF by 103.8% during the 3rd quarter. Etesian Wealth Advisors Inc. now owns 12,225 shares of the company’s stock worth $1,723,000 after purchasing an additional 6,225 shares during the last quarter. Finally, Croban grew its stake in shares of Vanguard High Dividend Yield ETF by 51.3% during the third quarter. Croban now owns 25,142 shares of the company’s stock worth $3,544,000 after purchasing an additional 8,521 shares in the last quarter.

Vanguard High Dividend Yield ETF Company Profile

The Vanguard High Dividend Yield Index Fund (VYM) is an exchange-traded fund that is based on the FTSE Custom High Dividend Yield index. The fund tracks the FTSE High Dividend Yield Index. The index selects high-dividend-paying US companies, excluding REITS, and weights them by market cap. VYM was launched on Nov 10, 2006 and is managed by Vanguard.